Mr. David D'Onofrio reports
WHITE GOLD CORP. DISCOVERS NEW GOLD ZONE AT REBECCA TARGET INTERSECTING 21.87 G/T OVER 3.05M, ANNOUNCES 2017 EXPLORATION UPDATE AND INITIATION OF DRILLING ON THE WHITE GOLD PROPERTY
White Gold Corp. has released assay results, is providing an exploration update, and has commenced diamond and reverse circulation drilling on the White Gold property recently acquired from Kinross Gold Corp.
Highlights include:
- JP Ross property: hole 17JPR002 -- 3.05 metres of 21.87 grams per tonne gold, including 1.52 m of 35.8 g/t gold; and hole 17JPR09-B -- 6.10 m of 3.10 g/t gold, including 3.05 m of 5.46 g/t gold;
- Loonie property: hole 17LOO009 -- 7.6 m of 4.6 g/t gold, including 1.52 m of 17.1 g/t gold; and hole 17LOO025: 7.6 m of 4.1 g/t gold, including 1.52 m of 11.5 g/t gold;
- Dime property: discovery of large structurally controlled mineralized system;
- Commencement of diamond drilling and reverse circulation drilling on the White Gold property (recently acquired from Kinross) to expand and confirm historical resources.
2017 exploration update
A significant amount of exploration work has been completed and is continuing on the company's portfolio of projects. A summary of the work completed to date includes:
- 24,855 soil samples collected over the Nolan, Bell, Hunker, Bonanza, IND, Toonie, Reba, CLW, Polar, Pedlar, Betty, Hayes, Carlisle and Rice properties;
- 42 line kilometres of induced polarization/resistivity surveys on the Nolan, IND, Dime, Black Hills, Brew and Wolf properties;
- 22,717 GT probe samples collected on the Bonanza, IND, Black Hills, Brew and Wolf properties;
- 10,812 line km of airborne DIGHEM surveys on the Nolan, Hunker, Bonanza, IND, Toonie, Loonie, Dime, Black Hill's, JP Ross, Brew, Pedlar, Betty and Wolf properties;
- Geologic mapping and prospecting on the Nolan, Bell, Hunker, Dime, Black Hills, JP Ross, Brew and Dime properties;
- 7,240 m of RAB drilling over 99 holes on the Nolan, IND, Dime, Loonie, JP Ross and Brew properties.
In addition, the company staked 80 claims on the Thor project. The Thor project is located approximately five kilometres west of the White Gold property and was staked to cover anomalous gold-in-soil values (from trace to 120 parts per billion gold) from historic work performed in the area. The Thor project is underlain by felsic orthogniess, metasediments and ultramafic rocks within a similar structural setting as the adjacent White Gold property (see Yukon assessment report No. 095502) (1).
Results for RAB drilling on the JP Ross, Loonie and Dime properties are summarized in the table. Additional 2017 exploration results will be provided in due course.
David D'Onofrio, chief executive officer, commented: "We have been pleased with the execution of the exploration program thus far and are very encouraged by the preliminary findings. We are also excited to get under way with our program on the Golden Saddle and Arc deposits on the recently acquired White Gold property to increase the size and our confidence in the historical resources and potential prospectively of the properties. The camp is in excellent shape and should provide for efficient program execution."
JP Ross property
A total of 905.26 m over 14 holes were drilled on the Rebecca target on the JP Ross property. The drilling was conducted to test mineralization beneath and along strike of historic trench JPRB10T0001 (35 m of 6.31 g/t Au; reported in Yukon assessment report No. 096205L) (1).
Mineralization on Rebecca occurs within an east-southeast-trending, steeply south dipping fault zone associated with brecciated quartz veins and quartz-sericite alteration. The zone is strongly oxidized and is associated elevated silver, arsenic, bismuth, copper, lead, tungsten and tellurium. Coarse visible gold and electrum locally occur within the brecciated quartz veins and historic grab samples of the vein material assayed up to 541 g/t Au and 101 g/t Ag (reported in Yukon assessment report No. 096205).
The 2017 RAB drilling program tested beneath the historic trench and traced the structure up to 350 m along strike to the northwest and southeast, and to over 60 m depth. It is open along strike and at depth, and there are indications of subparallel structures in the area that are being followed up with additional work including geologic mapping, infill soil sampling and IP-resistivity surveys. Assay results for the 2017 program ranged from trace to 35.80 g/t Au with the best intercept returning 21.87 g/t Au over 3.048 m from hole 17JPR002. Significant results for the RAB drilling program are detailed in the table.
JP ROSS DRILL RESULTS
Hole ID From (m) To (m) Interval (m) Au (g/t)
17JPR002 6.096 9.144 3.048 21.87
Including 6.096 7.62 1.524 35.80
And 18.288 19.812 1.524 1.04
17JPR003 60.96 62.484 1.524 7.64
Hole ended in mineralization
17JPR006 6.096 15.24 9.144 1.77
Including 12.192 13.716 1.524 6.98
17JPR009-A 33.528 39.624 6.096 2.11
Hole ended in mineralization
17JPR009-B 21.336 27.432 6.096 3.10
Including 21.336 27.432 3.048 5.46
Insufficient information is available to estimate the true thickness of these
intercepts and, as such, the true thickness may be less than the down-hole length
intercept reported.
Loonie property
The 2017 RAB drilling program on the Loonie property focused on the Lira target, an approximately 75 m by 740 m zone of anomalous gold in soils associated with an east-northeast-trending shear zone(s). Historic RAB drilling on the target returned grades from trace up to 20.7 g/t gold, which included 12.2 m of 4.93 g/t Au from LOORAB14-01 (see the company's news release dated Jan. 23, 2017, for more information available on SEDAR) (1). The 2017 RAB program at Lira consisted of 1,970 m of drilling in 30 holes that were designed to test the entire strike length of the vein system.
Mineralization along the zone is associated with strongly quartz-sericite-clay altered and brecciated felsic orthogenesis with a sequence of several overlapping and semi- to non-contiguous vein segments, disseminated pyrite and, locally, visible gold. Assay results ranged from trace up to 17.1 g/t Au and are associated with elevated Bi and Te. Significant results for the RAB drilling program are detailed in the table.
LOONIE DRILL RESULTS
Hole ID From (m) To (m) Interval (m) Au (g/t)
17LOO009 0.0 7.6 7.6 4.6
including 6.1 7.6 1.5 17.1
17LOO012 6.1 7.6 1.5 3.5
17LOO016 13.7 21.3 7.6 0.6
Including 13.7 16.8 3.0 1.2
17LOO017 0.0 7.6 7.6 1.9
Including 0.0 4.6 4.6 3.0
Including 1.5 3.0 1.5 6.4
17LOO018 9.1 21.3 12.2 0.8
Including 15.2 21.3 4.6 1.9
Including 15.2 16.8 1.5 4.2
17LOO025 64.0 71.6 7.6 4.1
including 64.0 65.5 1.5 11.5
17LOO026 64.0 65.5 1.5 4.3
17LOO034 0.0 1.5 1.5 6.7
17LOO035 3.0 7.6 4.6 5.2
Including 3.0 4.6 1.5 9.3
Insufficient information is available to estimate the true thickness of
these intercepts and, as such, the true thickness may be less than the
down-hole length intercept reported above.
Dime property
A total of 1,898 m over 24 holes of RAB drilling were completed on the Dime property. The drilling was focused on the Gemini zone and targeted two approximately 325 m by 200 m north-northeast-trending, gold-arsenic soil anomalies associated with strongly sericite altered meta-sediments and fine grained meta-intrusive rocks with zones of quartz veining and brecciation (see the company's news release dated April 25, 2017, for more information available on SEDAR) (1). The 2017 drilling program tested over 350 m of strike length and up to 100 m depth along both of the Gemini soil anomalies.
The drilling consistently intercepted broad, up to 44.196 m, intercepts of low-grade gold mineralization with the best intercept returning 21.336 m of 0.586 g/t Au from hole 17DIM010. Individual assays ranged from trace to 2.63 g/t Au and are coincident with strongly elevated As plus or minus Pb. Geologic mapping in the area indicates that alteration and mineralization in the target area extends at least 100 m vertically lower than tested by the RAB drill and appears to strengthen at depth, indicating the potential for increased grade at depth below the target area. Significant results for the RAB drilling program are detailed in the table.
DIME DRILL RESULTS
Hole ID From (m) To (m) Interval (m) Au (g/t)
17DIM003 16.764 21.336 4.572 0.643
17DIM004 30.48 53.34 22.86 0.402
including 30.48 42.672 12.192 0.605
and 36.576 38.1 1.524 2.63
17DIM005 56.388 74.676 18.288 0.241
and 73.152 74.676 1.524 2.203
17DIM006 0 41.148 41.148 0.199
and 54.864 73.152 18.288 0.372
including 67.056 70.104 3.048 1.31
17DIM008 0 19.812 19.812 0.146
and 48.768 64.008 15.24 0.261
and 79.248 80.772 1.524 1.59
17DIM009 0 35.05 35.052 0.171
and 57.912 80.772 22.86 0.332
including 71.628 74.676 3.048 1.12
17DIM010 0 21.336 21.336 0.586
including 4.572 18.288 13.716 0.791
including 4.572 9.144 4.572 1.34
17DIM011 0 44.196 44.196 0.380
including 4.572 33.528 28.956 0.500
including 9.144 10.668 1.524 1.329
17DIM013 0 19.812 19.812 0.243
17DIM014 3.048 30.48 27.432 0.159
17DIM015 13.716 33.258 19.812 0.179
17DIM016 36.576 76.20 39.624 0.147
17DIM017 0 22.86 22.86 0.285
including 10.668 21.336 10.668 0.385
17DIM018 15.24 18.288 3.048 0.470
17DIM019 0 9.144 9.144 0.246
and 59.436 68.58 9.144 0.218
17DIM020 41.148 64.008 22.86 0.234
17DIM022 9.144 51.816 45.672 0.158
including 28.956 45.72 16.764 0.204
17DIM023 21.336 44.196 22.86 0.325
including 33.328 38.10 4.572 0.801
17DIM024 1.524 54.864 53.34 0.211
including 48.768 50.291 1.524 1.03
Insufficient information is available to estimate the true thickness of
these intercepts and, as such, the true thickness may be less than the
down-hole length intercept reported above.White Gold property
The company has commenced an aggressive drill program on the Golden Saddle and Arc deposits on the White Gold property. The purpose of the drilling will be to infill and expand the footprint of the mineralization defined in diamond drilling by Underworld Resources and Kinross from 2008 to 2012, with the goal of increasing the size and confidence in the mineralization and potential prospectively of the properties. The company plans to incorporate the results into an updated mineral resource estimate in respect of the properties, anticipated in Q1 2018.
Golden Saddle zone
The 2017 drill program on Golden Saddle will focus on infill drilling on the historic resource area and stepout drilling along strike to the norhteast and southwest. Specific targets include areas with greater than 50 m spacing between historic intercepts on the GS Main zone, with holes extending up to 400 m depth. The purpose of the drilling is to improve continuity between known areas of high-grade mineralization (greater than five g/t Au) and along subparallel footwall zones of mineralization intercepted by the historic drilling. Diamond drilling will focus on holes projected to be greater than 200 m depth and a track-mounted RC drill will be utilized for all holes less than 200 m depth.
Historic measured and indicated mineral resources on the Golden Saddle range from 840,000 to 1,044,570 ounces grading from 2.7 to 3.19 g/t gold and inferred mineral resources ranging 125,000 to 407,410 ounces grading from 1.8 to 2.52 g/t gold and are based off approximately 50 per cent of the historic drilling (see the company's news release dated May 18, 2017, for more information, available on SEDAR) (1).
Arc zone
The Arc zone is located adjacent to the Golden Saddle to the south. The zone extends from surface, has a strike length of 850 m, extends 400 m down dip, and is still open along strike and down dip. Historic estimates of inferred mineral resources on the Arc include 170,470 ounces contained within 4.37 million tonnes at a grade of 1.21 g/t au (see the company's news release dated May 18, 2017, for more information available at SEDAR).
The historic drilling performed on the Arc was wide spaced, typically greater than 100 between drill intercepts and requires infill drilling to improve the continuity of the mineralized zone. Additionally, there are indications of a subparallel zone of mineralization below the main Arc zone that require drill testing. Historic drill intercepts into the lower Arc target, including WD-084: 4.5 m of 10.78 g/t Au from 169 m depth, demonstrate the potential for high-grade mineralization within a lower-grade envelope within the target (reported in the technical report titled "White Gold Property Dawson Range Yukon, Canada" dated March 3, 2010, prepared by Lars Weiershauser, PGeo, Marek Nowak, PEng, and Wayne Barnett, PrSciNat, of SRK Consulting (Canada) Inc. (1).
Additional work on the White Gold property, including IP/resistivity surveys, airborne DIGHEM surveys, GT probe sampling and geologic mapping, is continuing and will be utilized to revise the geologic model for the Golden Saddle and Arc areas and define targets for follow-up drilling in 2018.
The Golden Saddle and Arc resource estimates are considered historical estimates and the company is not treating them as current mineral resources (see the company's news release dated May 18, 2017, for more information available on SEDAR (1).
The company encourages individuals interested in the company to visit its website to further understand the size and scope of the company's projects in the White Gold district, Yukon.
The analytical work for the 2017 program has been performed by Bureau Veritas Commodities Canada Ltd., an internationally recognized analytical services provider, at its Vancouver, B.C., laboratory. Sample preparation was carried out at its Whitehorse, Yukon, facility. All soil samples were using procedure SS80 (dry at 60 C and sieve 100 g at minus 80 mesh) and analyzed by method AQ201 (aqua regia digestion and ICP-MS analysis). All rock, GT probe, RAB, RC and diamond core samples are prepared using procedure PRP70-250 (crush, split and pulverize 250 g to 200 mesh) and analyzed by method FA430 (30 g fire assay with AAS finish) and AQ200 (0.5 g, aqua regia digestion and ICP-MS analysis). Samples containing less than 10 g/t Au were reanalyzed using method FA530 (30 g fire assay with gravimetric finish). Metallic screen analysis may also be utilized if coarse gold mineralization is encountered (FS600).
Qualified person
Jodie Gibson, PGeo, of GroundTruth Exploration Inc., is a qualified person as defined under National Instrument 43-101, and has reviewed and approved the content of this news release. GroundTruth Exploration Inc. is owned by the spouse of a director of the company. Potential quantity and grade are conceptual in nature. There has been insufficient exploration to define a mineral resource on any of the company's properties to date, and it is uncertain if further exploration will result in any such target being delineated as a mineral resource.
Ground Truth Exploration Inc., Dawson City, Yukon, designed and managed all work for the company. The reported work was completed using industry standard procedures, including a quality assurance/quality control (QA/QC) program consisting of the insertion of certified standards, blanks and field duplicates into the sample stream. The qualified person detected no significant QA/QC issues during review of the data.
About White Gold Corp.
The company owns a portfolio of 19,438 quartz claims across 30 properties covering over 390,000 hectares, representing approximately 40 per cent of the Yukon's White Gold district. The company has outlined an aggressive exploration plan to further explore its properties.
(1) information regarding historical resources
All historical scientific and technical information relating to the White Gold properties is based on and derived from the technical report and other information available to the company as referenced above. The property was historically explored by Underworld Resources from 2007 to 2009 and included the discovery of the Golden Saddle and Arc zones. In 2010, Underworld reported a resource estimate of 1,004,570 ounces contained in 9.80 million tonnes at a grade of 3.19 g/t Au in an indicated category, with an additional 407,410 ounces contained in 5.02 million tonnes at a grade of 2.5 g/t Au in an inferred category on the Golden Saddle. At the Arc zone, the initial resource included 170,470 ounces contained within 4.37 million tonnes at a grade of 1.21 g/t Au in the inferred category (reported in Underworld Resources' news release dated Jan. 19, 2010, and the National Instrument 43-101 report titled "White Gold Property Dawson Range Yukon, Canada" dated March 3, 2010, prepared by Mr. Weiershäuser, Mr. Nowak and Mr. Barnett of SRK Consulting (Canada) Inc.).
Kinross purchased Underworld shortly after the initial resource was released in 2010 and explored the property from 2010 to 2012. In 2013, Kinross released the results of a resource estimate on the Golden Saddle zone and reported a resource of 840,000 ounces within 9.79 million tonnes at a grade of 2.67 g/t Au in an indicated category, with an additional 125,000 ounces within 2.17 million tonnes at a grade of 1.8 g/t Au in an inferred category (reported in Kinross Gold Corp.'s 2016 mineral reserves and resource statement). Both Underworld's and Kinross's resource estimates are considered historical estimates and the company is not treating them as current mineral resources. Although the company believes these sources to be generally reliable, such information is subject to interpretation and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data gathering process, and other inherent limitations and uncertainties. In addition to the Golden Saddle and Arc zones, there are numerous other targets known on the property that warrant follow-up work (for more information see Yukon assessment reports 095338, 096206 and 096207). The information contained herein is subject to all of the assumptions, qualifications and procedures set out in the technical report, and reference should be made to the full details of the technical report which may be obtained from the company by contacting dschmidt@whitegoldcorp.ca. Disclosure of the historical estimates in this news release is derived from the technical report and other information as set forth above and has been judged to be relevant and therefore suitable for disclosure, however should not be relied upon. There are numerous uncertainties inherent in the historical estimates, which are subject to all of the assumptions, parameters and methods used to prepare such historical estimates, and reference is made to the full text of the technical report with respect thereto. The historic estimates of mineral resources were estimated in conformity with generally accepted Canadian Institute of Mining, Metallurgy and Petroleum estimation of mineral resource and mineral reserve best practices guidelines. Mineral resources are not mineral reserves and do not have demonstrated economic viability. There are no other recent estimates or data are available to the company as at the date of this news release and a detailed exploration program is required to be conducted by the company in order to verify or treat the historical estimate as a current mineral resource. A qualified person has not done sufficient work to classify the historical estimates as current mineral resources or mineral reserves and the company is not treating the historical estimate as current mineral resources.
We seek Safe Harbor.
© 2025 Canjex Publishing Ltd. All rights reserved.